EcoVadis Raises $500 Million To Support Business Sustainability With AI
EcoVadis, a company which offers a sustainability management platform for businesses, powered by AI, has raised a huge $500 million in a funding round led by Astorg and BeyondNetZero.
Created on June 14|Last edited on June 14
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Sustainability is one of the most important things a business needs to keep in mind. To help businesses meet local regulations, grow responsibly, and pay mind to environmental impact, EcoVadis offers a platform for managing sustainable growth.
With tools powered by human experts alongside artificial intelligence models, the 95,000 businesses working with EcoVadis can know that their path to growth is being done in a sustainable way.
Who's funding EcoVadis and where's the money going?
Today, EcoVadis has announced the completion of a funding round totaling $500 million. The funding round was led by Astorg and BeyondNetZero, with additional participation from GIC and Princeville Capital.
EcoVadis plans to use the money for expanding it's growth as a company, enhancing their machine learning models that drive the platform, as well as making strategic acquisitions.
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